It has been designed to offer a flexible approach. By asking a serious of questions, and considering a number of different metrics (e.g. children’s ages, investments, incomes, risk profiles) a calculation can be tailored to the needs and demands of each individual client.

It is free to use, and can be accessed here.

“We’ve worked with legal professionals to construct this table using our own financial planning expertise,” said Lisa Conway Hughes of Westminster Wealth Management. “It takes into consideration a whole range of important permutations, such as changes in investment income rates and the needs of a couple’s children. It was built by a dedicated divorce team of well qualified and experienced advisers.”

Commenting on the launch, Tracey Dargan of Irwin Mitchell said the new calculator was “a very positive initiative.”

“Family Lawyers have long struggled with a one-size-fits-all approach,” Dargan believes. “I am excited by the idea of a bespoke service providing tailored proposals for clients’ capitalised maintenance needs and I look forward to using it.”